Precise Mortgages - how long from application to offer?

phil22

Its awful waiting isnt it, precise i beileve arntgoing to ask for anything else and its with underwriters now, our last documents were submitted last thursday and we were told the underwriters should of lookked todsy (thursday) how long should it be till we get a offer now? Im hoping tommorow!

phil22

Yay weve had our offer! Im so thrilled! Documents due out next week ��

Lu91

Hi all,

I've been following these posts the last few weeks and please to say we also received our mortgage offer today!! (Know exactly how you are feeling phil22)

It took us about 3/4 weeks, but that was going back with some extra information now and then.

Hope all goes well for everyone who is still waiting for their offer!

abi34

Hi,

Phil ! I'm so happy to hear the good news ! Told you patients is a virtue ! Now good luck with the conveyancing! .. Does anyone know how much do solicitors charge for conveyancing ? What stage are you at Phil for conveyancing side of things ? We quoted at £700 including vat . Is this normal ? What's the average price ?

Congratulations to all those who have received their formal mortgage offer .

phil22

ok i feel a bit stupid but whats the conveyancing? is that exchanging of contracts? thats due this week.

abi34

Hi Phil ,

Googled it as it's easier and quicker :j

Definition of CONVEYANCING


A term including both the science and act of transferring titles to real estate from one man to another. Conveyancing is that part of the lawyer’s business which relates to the alienation and transmission of property and other rights from one person to another, and to the framing of legal documents intended to create, define, transfer, or extinguish rights. It therefore includes the investigation of the title to land, and the preparation of agreements, wills, articles of association, private statutes operating as conveyances, and many other instruments

Hope this helps 😃

phil22

oh sure we will be fine exciting times now should be in for christmas

sash_berry

Phil22, Abi34, congratulations on your offers!

Im waiting for the offer now so after reading these posts at least I got some hopes.

Good luck to everyone x

abi34

Hi sash,

Thank you and wish you all the best for your application 😃 if you don't mind me asking , how far are you into your application process and what's your position ?

sash_berry

Hi Abi,

Thank you for your support. Precise received our application on 23.08. Then we sent my partners SA302. They refused to give us 80% but told may give 75%. We agreed. It happened on 31.08 but no news since then. Our broker not so positive anymore as he was at the beginning. I have good creditscore, no late payments or creditcards. My partner has 7 defaults that he is paying off via Stepchange ( after bad divorce).
So i kind of gave up now:( Our salary togeter is around 130k and we want 250k to borrow so generally its not too bad based on our salary but I have a bad feeling:( Worried that we will lose the house now